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7 Suppose Country A and Country B have the following income distribution: Country A Country B Income class Percent of families Percent of total income
7 Suppose Country A and Country B have the following income distribution: Country A Country B Income class Percent of families Percent of total income Percent of families Percent of total income 1 2 3 4 5 6 15 20 20 20 15 10 5 10 15 20 25 25 15 20 20 20 15 10 3 8 12 20 25 32 (a) Draw the Lorenz curve for each country. (b) Which country is more unequal and why
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